The Group’s principal properties in India are as follows:

In India, HEPI has a participating interest in one producing property and four exploration licences:

	PY-3: HEPI has an 18 per cent. interest in this field which accounts for all of the Group’s production. It is located offshore in shallow water and produces a light, high quality crude oil (49° API).
	CY-OS/2: HEPI has a 75 per cent. participating interest in this exploration licence. HEPI is the Operator of the licence.
	GS-01: HEPI has a 10 per cent. participating interest in this offshore exploration licence. Its partner Reliance is the Operator of the licence.
	D9: HEPI has a 10 per cent. participating interest in the D9 block, a deepwater offshore exploration licence. Its partner Reliance is the Operator of the licence.
	D3: HEPI holds a 10 per cent. participating interest in the D3 block, an offshore exploration licence. Its partner Reliance is the Operator of the licence.

Hardy Oil and Gas plc is continually seeking further opportunities.